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Britain's economy will grow more slowly in the coming two years in the wake of the Brexit vote, according to the forecasters at the Office for Budget Responsibility.

The long-term outlook, however, may be less affected - the OBR believes that the economy will make up some of that lost ground with a resurgence in 2019. In that year, in which the UK is expected to leave the EU, growth will accelerate to 2.1pc, the same pace as was expected in March before the referendum took place.

The chart shows the OBR has not slashed its forecasts for the UK's long term potential growth, though the economists do warn that this is in part because they do not currently know what Brexit means.